Swiss 7750 Valjoux Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Replica For Sale

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

Today, we received the news that the CEOs of Jaeger-LeCoultre, Vacheron Constantin, Piaget, and fashion brand Alfred Dunhill (who used to make watches but, I believe, do not anymore) are leaving their respective brands in spring of this year. Philippe Leopold-Metzger of Piaget and Juan-Carlos Torres of Vacheron are retiring while Daniel Riedo of Jaeger Lecoultre Perpetual Calendar Watch Replica and Fabrizio Cardinali of Alfred Dunhill have “decided to leave” their positions.

Back in November 2016, the Richemont Group began the process of untangling and simplifying a bloated corporate structure by dissolving their CEO & CFO positions at Richemont HQ and appointed IWC CEO Georges Kern as head of watchmaking, marketing, and digital for all the Richemont brands and appointed Montblanc CEO Jerome Lambert as head of operations. The shakeup also came with a warning from Richemont Executive Chairman and controlling shareholder Johann Rupert that “Underperforming brands need to be fixed or sold.”

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

Chabi Nouri – new CEO of Piaget

Though Richemont had an inarguably bleak 2016, they ended the year with revenues up 6% from the end of 2015 due to a spike in jewelry sales. At SIHH 2017, we saw a significant focus on ladies’ watches and pieces that serve a dual function as jewelry and timepiece, as well as an ever-stronger focus on vintage re-releases amidst brands discontinuing many of their more modern collections. In fact, Cartier’s reintroduction of the Panthere de Cartier is billed as “Jewelry first, timepiece second.”

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

Considering that the total complexity of this hand-wound Caliber 853 triple calendar motion within and the apparent contemporary desire for bigger instances, the size grows even in the Large Duoface’s 47mm by 28mm measurements to 49.4mm tall by 30mm wide. Concerning thickness, the watch sits a reasonable 10.9mm high. Truly, the joy of a Reverso like this comes from the dual faces and world class finishes. It really sits in a category of its own with no real peers, and I have a feeling a lot of people are going to drool over this particular watch. Even those people who, somewhat correctly, feel that JLC is dependent upon the Reverso into the point of interchangeability will concur that this view is a good reason why.The 853 manifests itself in two dial executions on the Tribute Calendar — leading with the silver ‘front’ dial of this watch which shows a divide day/month aperture and a moonphase index with a pointer date encircle at 6:00. It’s more information than most might be accustomed to seeing in this a small number of real estate but it remains extremely well-balanced, thanks to textbook applications of symmetry and contrast between the beveled dauphine hands, employed rose gold markers, along with the beautiful silvered texture of the dial itself. And talking of that silver dial, it acts as an antidote, counterbalancing the improved golden’s warm tones with a cold, elegant masculinity that is just a pleasure to behold — something that couple rose gold watches may put claim to.Before we reverse the watch above, allow me to talk about the motion itself for a minute — that the hand-cranking 853 hums along at a relatively low 3 Hertz, or even 21,600 vibrations per hour, granting a power reserve of about 45 hours. On paper, higher oscillations are always more of a joy to behold, but because there is no running moments hand on this Reverso, there’s no visual indication that the watch is operating in a lower speed. Granted, we receive a moonphase indicator rather, so it’s barely a dreadful trade-off.

The reception of the new and important (for Piaget) Polo S has been mixed at best…

Going back to November, Johann Rupert said “I want to see less grey men, less grey Frenchmen, as a subcategory,” adding “We have too few women. We don’t have enough diversity.” Keeping this in mind, we see Piaget is to be headed by Chabi Nouri who is their current Marketing Director (her corporate bio states her focus has been on jewelry and the brand’s heritage) and formerly worked as Cartier International Jewelry Group Manager. Her rise to the role of Piaget CEO is likely to send a signal to the markets that, along with the increased focus on ladies’ pieces like the Panthere de Cartier, the “too few women” concern is being addressed as well as the intention to seize on global jewelry sales at Richemont.

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

…we were surprised to see Vacheron call this the 1860 and yet use what appears to be a simplified movement from Greubel Forsey…

Vacheron Constantin will gain Louis Ferla as CEO, who is also the current Marketing Director at the brand, placing another younger marketing expert at the top rather than some other long-serving watch brand CEO who is likely steeped in the Swiss culture and out of touch with the needs of the brand as it comes to delivering the products buyers want. Previous to being at Vacheron Constantin, Ferla worked as Managing Director, Cartier Middle East and India and then as CEO of Cartier China. Considering Vacheron’s popularity in China, Richemont is probably hoping Ferla’s experience and time spent in the region will recalibrate and strengthen the brand’s position.

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

…and as successful these vintage inspired pieces from JLC may have been lately, we’d love to see more new (as in: modern) mid-range collections from the brand.

Jaeger-LeCoultre hasn’t announced a new CEO and it looks like Georges Kern is going to serve as interim CEO for the time being. As for Alfred Dunhill, Andrew Maag, who is head of Europe, Middle East, India and Africa at Burberry Group will be taking the CEO role.

Personally, I hope the Richemont Group is able to be flexible enough to capitalize on their various brands’ strengths in the current market while also addressing the needs of the watch-enthusiast community that have been patrons for years. Or maybe boutiques will become jewelry stores with a small watch section in the back, like the men’s section at a luxury department store. richemont.com

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